Mozambique Business
• Main exports: Cotton, cashew nuts, sugarcane, tea and cassava (tapioca).
• Main imports: Machinery and equipment, vehicles, fuel and chemicals.
• Main trade partners: Netherlands, South Africa, Portugal and Zimbabwe.
Economy
In mid 2006, the World Bank relieved Mozambique from much of its long-term foreign debt burden, and remaining debts were rescheduled under the IMF's Heavily Indebted Poor Countries (HIPC) initiative.
Agriculture is the mainstay of the economy. Forestry is increasing in importance. Fishing is both an important source of food and a vital export earner. Manufacturing industry produces one quarter of GDP: products include processed foods, textiles, drinks, cement and fertiliser. Mining operations produce coal, salt, bauxite, gemstones and marble. In addition, natural gas is extracted from onshore fields and piped to South Africa.
Mozambique is a member of the Southern African Development Conference.
Business Etiquette
Office hours: Mon-Fri 0730-1230 and 1400-1730.
Business Contacts
CP 1836, Rua Mateus Sansão Mutemba 452, Maputo, Mozambique
Tel: (21) 492 904.
Website: www.ccmusa.co.mz
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